Tsm stock price gained traction after a top investment

TSM stock price gained traction after a top investment bank raised its rating from “Hold” to “Buy,” citing potential earnings surprises due to robust AI hardware demand. He estimated the initiative could generate $300 billion to $500 billion in revenue, three to five times the investment, and potentially make OpenAI account for 15% to 25% of Nvidia’s sales. The past six months have been solid for technology stocks, which is evident from the 31% jump in the tech-laden Nasdaq Composite during this period. As it turns out, tech stocks have outperformed the broader market, with the S&P 500 clocking 19% gains over the past six months. Semiconductor ETF flows indicate strong sector appetite, supporting TSM stock price performance. Investors are positioning ahead of TSMC’s mid-year earnings call, anticipating positive capacity utilization updates.